Just 61,404 cars were manufactured last month, 58.7 % down on January 2008. Construction of commercial vehicles slumped by an even larger 59.9 %.

Almost all the cars made over the month - 83.5 % - were allocated for export as UK demand tails off, according to the Society of Motor Manufacturers and Traders.

We are continually told that "no-one could have foreseen" the credit crisis ... it was staring them in the face and any motor trader would have told you so.

Here is another forecast - the UK will lose 50% at leat of it's car manufacturing capacity in the next 6 months... and it will never return.

UPDATE : 9.30 GMT : Geordie lady calls up and reminds us that old horny baldy, Adam "Shagger"Applegarth was exchanging body fluids with that lovely lady from Buy to Let and simultaneously divesting not only of all his clothes (ugh) but also of all his Northern Rock shares in 2006 and Jan 2007 at the very top f the market .... so he plainly new something .. so we aren't so clever.

Wonder what the £300K per Annum Ex (very) Non Executive Chairman of NR Eton / Cambridge educated Lord Matt Ridley Esq., (He was Chairman of the curious political "think" tank , Ditchley Foundation - now followed by John Major ex MP . List of Governors makes interesting reading - inc. Ms Shami CHAKRABARTI, CBE. Director of Liberty these days) who is as silent as the grave these days;1. Was doing with his shares at the time2. Thinks of Shagger' business / private life3. Is looking for a job

1 comment:

Anonymous
said...

Of course the government knew exactly what was going to happen. What are all the repressive laws in civil rights for? Terrorists, I don't think so. The whole issue of terrorism is entwined with the intelligence services and appears to be turned on and off just like the 'suicide' bombings in Iraq. All the new laws are to contain the hungry rioting population and stop them overthrowing the government.